Mahardika, Mohammad Iqbal (2016) Penilaian Proyek Dengan Menggunakan Pembiayaan Syariah (Ijarah Muntahiyah Bittamlik). Undergraduate thesis, Institut Technology Sepuluh Nopember.
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Abstract
Penilaian usaha adalah kegiatan untuk memperoleh nilai dari suatu
objek/perusahaan. Umumnya penilaian usaha dilakukan pada saat perusahaan
melakukan strategi ekspansi eksternal. Nilai dari perusahaan dapat berupa penilaian
aset tak berwujud, penilaian keuntungan/kerugian ekonomis, dan pembiayaan dari
pihak luar yang biasa terjadi pada tahap pengembangan perusahaan. Pembiayaan
dari pihak luar perusahaan biasanya dilakukan oleh bank atau lembaga keuangan
selain bank. Perbankan di Indonesia menerapkan dual banking system yaitu,
konvensional dan syariah. Pada penelitian ini dilakukan penilaian terhadap rencana
pengembangan usaha PT. X menggunakan pembiayaan dari bank syariah.dengan
akad Ijarah Muntahiyah Bittamlik. PT. X memiliki rencana untuk membangun 2
unit PLTU dengan kapasitas masing-masing sebesar 80 MWe. Penilaian dilakukan
dari sisi finansial menggunakan pendekatan pendapatan dengan Net Present value
(NPV) sebagai parameter penilaian serta membandingkan nilai Net Present value
(NPV) pembiayaan syariah dengan pembiayaan konvensional. Berdasarkan
penelitian yang telah dilakukan diperoleh nilai (Net Present value) NPV dari proyek
dengan pembiayaan syariah sebesar Rp. 445 miliar dan Internal Rate of Return
(IRR) sebesar 39,03%. Nilai Net Present value (NPV) tersebut diperoleh dengan
menggunakan cost of capital sebesar 21%.
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Business valuation is an activity to derive value from an object/company.
Generally, business valuation performed at company pursuing a strategy of
external expansion. The value of the company can be intangible asset valuation,
valuation gains/losses economic, and financing from external parties that usually
happens during the development stage of the company. Financing of external
parties of the company usually carried out by banks or financial institutions other
than banks. Banking in Indonesia applying dual banking system, namely
conventional and Islamic. This study aims to conduct a financial assessement
business expansion PT. X with islamic finance (ijarah muntahiya bittamlek). PT. X
has plan to build two units of the power plant hat has a capacity each of 80 MWe.
The assessment of the financial aspect of the business is made using the income
approach method with Net Present value (NPV) become valuation parameter and
compare value of Net Present value (NPV) islamic finance with conventional
finance. The result of the study says that value of Net Present value (NPV) islamic
finance in amount of Rp. 445.800.387.000 with Internal Rate of Return (IRR) of
39,03%. The value of Net Present value (NPV) is obtained by using the cost of
capital in amount of 21,%.
| Item Type: | Thesis (Undergraduate) |
|---|---|
| Additional Information: | RSMB 657.73 Mah p |
| Uncontrolled Keywords: | Pembiayaan Syariah, Ijarah Muntahiyah Bittamlik, Internal Rate of Return, Net Present value, Penilaian Usaha |
| Subjects: | H Social Sciences > HB Economic Theory > HB846.2 Cost benefit analysis |
| Divisions: | Faculty of Business and Management Technology > Business Management > 61205-(S1) Undergraduate Thesis |
| Depositing User: | Mr. Tondo Indra Nyata |
| Date Deposited: | 14 Feb 2020 07:33 |
| Last Modified: | 14 Feb 2020 07:33 |
| URI: | http://repository.its.ac.id/id/eprint/74951 |
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